Magnom Properties, the real estate arm of Rawabi Holding, has appointed global real estate services provider JLL to act as project managers, office and retail advisors for the developer’s upcoming projects in the region.
JLL will advise on Magnom Properties’ high-value commercial, residential and lifestyle projects in Saudi Arabia, Egypt and the wider Middle East and North Africa region, while providing consultancy services to develop the strategy, budget and timeline of the projects, Magnom said in a statement.
“Through our partnership with JLL, we aim to ensure our projects adhere to the highest standards of sustainability,” said Maged Marie, CEO of Magnom Properties.
“Our goal is to support the economic growth of the region while also being a strong partner in supporting decarbonisation strategies,” Marie added.
Marie said JLL’s strong credentials in driving sustainable projects and its vision to shape the future of real estate for a better world aligned with Magnom’s goals to ensure its projects adhere to the highest sustainability standards.
Together, JLL and Magnom will support the region’s ambitions to achieve net zero emissions.
Ayman Sami, country manager of JLL said the focus of Magnom Properties to develop and manage sustainable projects with the lowest carbon footprint serves as a model for the region as it focuses on transitioning to net zero emissions.
“We have a strong track record in delivering large-scale projects globally and we will bring our expertise in project management, retail, offices and property management to support Magnom Properties, ensuring that they achieve their ambitions,” Sami said.
Magnom Properties recently hosted the world-renowned architect Adrian Smith along with his partner Gordon Gill of the international design firm Adrian Smith + Gordon Gill Architecture in Egypt and Saudi Arabia where they discussed mutual collaborations and toured various sites.
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